NXT vs. SPUU

Last updated Apr 1, 2026

Compare and contrast key facts about Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).

SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014.

Performance

NXT vs. SPUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). The values are adjusted to include any dividend payments, if applicable.

NXT vs. SPUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NXT Nextracker Inc	38.39%	138.46%	-22.03%	53.81%
SPUU Direxion Daily S&P 500 Bull 2x Shares	-10.01%	26.55%	44.25%	30.95%

Returns By Period

In the year-to-date period, NXT achieves a 38.39% return, which is significantly higher than SPUU's -10.01% return.

NXT

• 1D: 7.15%
• 1M: 14.70%
• YTD: 38.39%
• 6M: 62.93%
• 1Y: 186.07%
• 3Y*: 49.25%
• 5Y*: —
• 10Y*: —

SPUU

• 1D: 5.86%
• 1M: -10.17%
• YTD: -10.01%
• 6M: -6.87%
• 1Y: 27.13%
• 3Y*: 28.85%
• 5Y*: 15.86%
• 10Y*: 21.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NXT vs. SPUU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NXT

NXT Risk / Return Rank: 95
NXT Sharpe Ratio Rank: 97
NXT Sortino Ratio Rank: 95
NXT Omega Ratio Rank: 91
NXT Calmar Ratio Rank: 97
NXT Martin Ratio Rank: 96

SPUU

SPUU Risk / Return Rank: 52
SPUU Sharpe Ratio Rank: 44
SPUU Sortino Ratio Rank: 50
SPUU Omega Ratio Rank: 53
SPUU Calmar Ratio Rank: 53
SPUU Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NXT vs. SPUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NXT	SPUU	Difference
Sharpe ratio Return per unit of total volatility	3.10	0.75	+2.34
Sortino ratio Return per unit of downside risk	3.41	1.26	+2.15
Omega ratio Gain probability vs. loss probability	1.41	1.19	+0.22
Calmar ratio Return relative to maximum drawdown	7.71	1.24	+6.47
Martin ratio Return relative to average drawdown	17.09	5.35	+11.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NXT vs. SPUU - Sharpe Ratio Comparison

The current NXT Sharpe Ratio is 3.10, which is higher than the SPUU Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of NXT and SPUU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NXT	SPUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	0.75	+2.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.48	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.56	+0.38

Correlation

The correlation between NXT and SPUU is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NXT vs. SPUU - Dividend Comparison

NXT has not paid dividends to shareholders, while SPUU's dividend yield for the trailing twelve months is around 1.78%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NXT Nextracker Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPUU Direxion Daily S&P 500 Bull 2x Shares	1.78%	1.63%	0.55%	0.83%	0.88%	3.04%	8.03%	1.80%	5.50%	6.96%	8.08%	4.42%

Drawdowns

NXT vs. SPUU - Drawdown Comparison

The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for NXT and SPUU.

Drawdown Indicators

	NXT	SPUU	Difference
Max Drawdown Largest peak-to-trough decline	-48.61%	-59.35%	+10.74%
Max Drawdown (1Y) Largest decline over 1 year	-23.27%	-23.10%	-0.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-46.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.35%	—
Current Drawdown Current decline from peak	-7.57%	-13.39%	+5.82%
Average Drawdown Average peak-to-trough decline	-15.68%	-9.62%	-6.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.50%	5.35%	+5.15%

Volatility

NXT vs. SPUU - Volatility Comparison

Nextracker Inc (NXT) has a higher volatility of 20.01% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 10.70%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXT	SPUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.01%	10.70%	+9.31%
Volatility (6M) Calculated over the trailing 6-month period	45.14%	19.17%	+25.97%
Volatility (1Y) Calculated over the trailing 1-year period	60.57%	36.23%	+24.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.29%	33.47%	+25.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.29%	35.73%	+23.56%